Welcome to our dedicated page for Oaktree Specialty news (Ticker: OCSL), a resource for investors and traders seeking the latest updates and insights on Oaktree Specialty stock.
News about Oaktree Specialty Lending Corporation (NASDAQ: OCSL) centers on its activities as a specialty finance company and business development company focused on customized credit solutions. The company regularly issues press releases and regulatory updates that provide detail on its investment income, portfolio composition, funding arrangements, and governance developments.
OCSL’s quarterly and annual earnings announcements describe total investment income, net investment income, adjusted non-GAAP measures, net asset value per share, leverage ratios, and portfolio yields. These releases also break down income into interest, payment-in-kind (PIK) interest, fee income, and dividend income, and discuss non-accrual investments and realized and unrealized gains or losses on debt and equity positions.
Investors following OCSL news will see updates on new investment commitments, prepayments and exits, amendments to its syndicated and revolving credit facilities, and public offerings of unsecured notes. The company has reported extending the maturity and reducing the pricing of its senior secured revolving credit facility, as well as pricing notes due 2030 and using proceeds to reduce outstanding debt under its credit facilities.
OCSL also issues news about dividend declarations, including base and supplemental cash distributions, and changes to its incentive fee and management fee structures, such as fee reductions, waivers, and the implementation of a total return hurdle. Additional news items include scheduled earnings conference calls, investor presentations, and corporate governance updates, such as the election of a Chief Operating Officer disclosed in a Form 8-K.
This news page aggregates these company-specific developments so readers can review OCSL’s earnings releases, capital markets activity, credit facility amendments, dividend announcements, and key corporate actions in one place.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported a solid financial performance for the fiscal quarter ending December 31, 2021. Total investment income reached $64.9 million ($0.36 per share), up from $63.8 million in the previous quarter. Adjusted net investment income also increased to $31.2 million ($0.17 per share), reflecting a 7% rise. Net asset value per share grew by 0.8% to $7.34. The company declared a quarterly cash distribution of $0.16 per share, marking its seventh consecutive distribution increase.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) will report its financial results for the first fiscal quarter ended December 31, 2021, before the Nasdaq market opens on February 3, 2022. A conference call to discuss the results will be held on the same day at 11:00 a.m. Eastern Time. Oaktree Specialty Lending focuses on providing customized credit solutions and aims to generate income and capital appreciation through various financing options, including loans and equity investments.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) announced its financial results for the fiscal year and quarter ending September 30, 2021. Total investment income reached $63.8 million for the fourth quarter and $209.4 million for the full year. GAAP net investment income was $33.0 million for the quarter and $97.1 million for the year. Net asset value per share increased by 0.8% to $7.28. A quarterly cash distribution of $0.155 per share was declared, marking a 7% increase. The company originated $385 million in new investments, with a weighted average yield of 8.6%.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) will report its financial results for Q4 and the full year ending September 30, 2021, on November 16, 2021, before the Nasdaq opens. A conference call will be held on the same day at 1:00 p.m. ET to discuss these results. The company focuses on providing credit solutions to companies with limited access to capital markets, aiming for current income and capital appreciation through various financing options. For more information, visit their website.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported a strong financial performance for the fiscal quarter ended June 30, 2021. Total investment income reached $65.4 million ($0.36 per share), up from $41.9 million ($0.29 per share) in the prior quarter, driven by gains from a recent merger. GAAP net investment income also rose to $35.9 million ($0.20 per share), compared to $18.1 million ($0.12 per share). NAV per share increased by 1.8% to $7.22, bolstered by unrealized gains. The company declared a quarterly distribution of $0.145 per share, marking an 11.5% increase.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will announce its financial results for the third fiscal quarter ended June 30, 2021, before the market opens on August 5, 2021. A conference call to discuss these results will be held on the same day at 11:00 a.m. Eastern Time. Investors can participate by calling (877) 507-4376 or accessing a live webcast via the company’s website. Oaktree Specialty Lending specializes in providing customized credit solutions to companies with limited access to capital markets.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) has announced a public offering of $350 million in 2.700% notes due 2027, set to mature on January 15, 2027. The offering is aimed at expanding financing sources and strengthening the company's balance sheet post-merger with Oaktree Strategic Income Corporation. The net proceeds will be used to reduce outstanding debt and for general corporate purposes. The offering is expected to close on May 18, 2021.
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) reported a total investment income of $41.9 million ($0.29 per share) for Q2 2021, up from $38.2 million in Q1 2021. This increase was primarily due to new originations and the merger with Oaktree Strategic Income Corporation (OCSI). GAAP net investment income surged to $18.1 million ($0.12 per share), with a 4% increase in net asset value per share, now $7.09. The company declared an 8% increase in quarterly cash distribution to $0.13 per share, marking the fourth consecutive rise in dividends.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) will announce its financial results for the second fiscal quarter ending March 31, 2021, before Nasdaq opens on May 6, 2021. A conference call will take place at 11:00 a.m. Eastern Time on the same day to discuss these results. Interested parties can participate by dialing (877) 507-4376 for U.S. callers or +1 (412) 317-5239 for international callers. There will also be a live webcast available on the company's website and a replay afterwards.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) has finalized its merger with Oaktree Strategic Income Corporation (OCSI), with OCSL as the surviving entity. The merger creates a combined entity with over $2.2 billion in assets. Under the agreement, OCSI shareholders will receive 1.3371 shares of OCSL for each OCSI share held. OCSL stockholders will own 78.2% of the new entity. Additionally, Oaktree Fund Advisers will waive $750,000 in management fees for the next eight quarters, totaling $6 million in waived fees. A contingent special distribution of $0.10 per share is also announced for OCSI stockholders.